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Is SoFi Stock a Buy?

TheMotleyFool

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SoFi Technologies (NASDAQ: SOFI) just reported its 2023 fourth-quarter financial results. The market was very impressed, as shares shot up 20% immediately following the news, although they have come back down since the announcement on Jan. 29 (as of Feb. 1).

The business beat Wall Street expectations for revenue and earnings, which is certainly a positive development. And it caps off a pretty strong 2023 for this fintech and digital banking pioneer.

With momentum on its side, is it time to buy SoFi stock right now? There are compelling reasons to be bullish.

Source Fool.com

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